Started By
Message
locked post

Silver at over $29 per oz today

Posted on 8/6/20 at 7:53 pm
Posted by Buckeye Jeaux
Member since May 2018
17756 posts
Posted on 8/6/20 at 7:53 pm
Up 62% in the past 30 days


Kitco
LINK
Posted by IslandBuckeye
Boca Chica, Panama
Member since Apr 2018
10067 posts
Posted on 8/6/20 at 7:54 pm to
William DeVane?
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 8/6/20 at 7:55 pm to
That’ll fry right up when the dollar crashes
Posted by Rex Feral
Athens
Member since Jan 2014
11250 posts
Posted on 8/6/20 at 7:59 pm to
quote:

That’ll fry right up when the dollar crashes


You aren’t smart with this stuff are you?
Posted by Bass Tiger
Member since Oct 2014
45975 posts
Posted on 8/6/20 at 8:03 pm to
At some point either precious metals or equities are reversing their trend....stay tuned
Posted by GooseSix
Member since Jun 2012
19498 posts
Posted on 8/6/20 at 8:05 pm to
quote:

William DeVane?


Posted by Buckeye Jeaux
Member since May 2018
17756 posts
Posted on 8/6/20 at 8:08 pm to
quote:

At some point either precious metals or equities are reversing their trend....stay tuned


today's silver price is the highest in 40 years.

[oops. read the graph wrong. I stand corrected]
This post was edited on 8/6/20 at 10:13 pm
Posted by KemoSabe65
70605
Member since Mar 2018
5118 posts
Posted on 8/6/20 at 8:23 pm to
Gold set and all time high today also.
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10229 posts
Posted on 8/6/20 at 8:24 pm to
quote:

today's silver price is the highest in 40 years.


I don’t think so.
Posted by NeonSunburst
Member since Oct 2010
2798 posts
Posted on 8/6/20 at 8:26 pm to
Should I turn my cash into silver? Gold? Legit question.
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11068 posts
Posted on 8/6/20 at 8:32 pm to
I'm pretty sure it's the opposite. They'll go up in tandem with the current monetary and fiscal regime.

Edit: we're not even at a 20 year high on silver
This post was edited on 8/6/20 at 8:33 pm
Posted by Vrai
Baton Rouge
Member since Nov 2003
3891 posts
Posted on 8/6/20 at 8:37 pm to
quote:

today's silver price is the highest in 40 years.



Absolutely false
Posted by NineLineBind
LA....no, the other one
Member since May 2020
6875 posts
Posted on 8/6/20 at 8:38 pm to
Silver sat around $16-18 for a long time. All time high was ~$50 several years ago. If you had some silver already, it wouldn’t be a bad time to sell. I’d wait and see to buy.
Posted by OccamsStubble
Member since Aug 2019
4925 posts
Posted on 8/6/20 at 8:41 pm to
200 beans in the Central Fund, and enjoying this ride. But I know it means inflation is coming.
Posted by Buckeye Jeaux
Member since May 2018
17756 posts
Posted on 8/6/20 at 10:12 pm to
quote:

Edit: we're not even at a 20 year high on silver
You are correct. I misread the graph.

Still, 29 dollar silver is a huge spike.
Posted by Cuz413
Member since Nov 2007
7238 posts
Posted on 8/6/20 at 10:20 pm to
Posted by TNTigerman
James Island
Member since Sep 2012
10470 posts
Posted on 8/6/20 at 10:26 pm to
quote:

Still, 29 dollar silver is a huge spike.



It was $12.50 six months ago.
Posted by NeonSunburst
Member since Oct 2010
2798 posts
Posted on 8/6/20 at 10:29 pm to
Thank you!
Posted by Alltheway Tigers!
Baton Rouge
Member since Jan 2004
7122 posts
Posted on 8/6/20 at 10:31 pm to


Read somewhere paper silver per oz vs actually silver per oz is like 11,000 to 1, meaning lots of speculative plays going on vs actually buying of silver.

Gold has a similar issue also.
Posted by Buckeye Jeaux
Member since May 2018
17756 posts
Posted on 8/6/20 at 10:44 pm to
quote:

Read somewhere paper silver per oz vs actually silver per oz is like 11,000 to 1, meaning lots of speculative plays going on vs actually buying of silver.


About 29 dollars is the Spot price. Cash on the barrel price.

Old US silver coins (junk silver) is now a little over 20 dollars per dollar of face value.

And, of course, there is a 'buy' price and a 'sell' price that vary from dealer to dealer.
Calculator - LINK
This post was edited on 8/6/20 at 10:46 pm
first pageprev pagePage 1 of 3Next pagelast page

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram